Topic: How To Invest

Spinoffs, Takeovers & Special Situations Hotline – Friday, March 9, 2018

Article Excerpt

DROPBOX INC., tentative symbol DBX on Nasdaq, is a U.S. company that provides cloud storage for both individuals and companies. The company has now filed paperwork with U.S. regulators for an initial public offering (IPO) of common shares. It aims to raise $500 million and complete the sale in the first half of 2018. Dropbox was founded in 2007 on the premise that anyone should be able to access their most important information on any device at any time. Along the way, it’s moved from a safe place to store files on the Internet using remote servers to a provider of tools that allows individuals and teams to share information. They can also collaborate on projects without being in the same room. Over the past decade, the company’s user base has grown to more than 500 million people in more than 80 countries. However, only 11 million of those users are paying customers. The other 490 million use its free service. The company estimates…